The mortgage system in Bulgaria is not transparent and very complex. A European Parliament delegation has come to this conclusion after a visit to the country in February. Among the problems are misleading behavior of private banks such as failure to inform about potential risks and misleading clauses in agreements, insufficient supervision of private bailiffs and difficult access to free legal aid for consumers.
MEPs have made recommendations on the identified problems to the Bulgarian National Bank, but describe their communication with the institution as "unsatisfactory", BNR correspondent Angelina Piskova reported from Brussels.
Friday will be mostly sunny but windy. Cloud cover will increase from the south-west in the afternoon, with rain spreading across most of the country in the evening and continuing overnight. Minimum temperatures will range between 7°C and 12°C, around..
Prime Minister Rosen Zhelyazkov has highlighted the stability of public finances as a key element on the country's path to Eurozone membership. Speaking to Vice President of the Europe and Central Asia Region at the World Bank, Antonella Bassani,..
The National Assembly has adopted important changes related to the National Emergency Call System - 112. They provide for the construction of a new generation of communication centers, which will be able to determine the exact location of people..
The planned liberalisation of the electricity market for household consumers on 1 July this year will not take place, MPs decided at the first reading of..
Oil products of unknown composition and origin have once again washed up on a large stretch of the Pomorie coastline, in what appears to be a more..
Polish President Andrzej Duda, on an official visit to Bulgaria, discussed with Bulgarian President Rumen Radev Warsaw’s proposal that NATO member..
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